The currency pair Near Protocol/Tether (NEAR/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance at 1.256 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 1.226 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair could go up.
Also there is a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.263 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.256 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Outside Up’ candle chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.312 |
| 2nd High | 1.302 |
| Next High | 1.256 |
| Current Price | 1.250000000 |
| Next Low | 1.226 |
| 2nd Low | 1.224 |
| 3rd Low | 1.197 |
1.256 – 1.302 – 1.263 – 1.226 – 1.263 – 1.224 —
1.244000000 – 1.240000000 —
42.941697514365 – 45.00378898933 —
– —
1.256 – 1775552400
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Up – – –